WeChat Pay: publish the “National Small Shop Fireworks Program” for small and micro businesses.
Large companies
Pin Duoduo responds to “secondary listing”: there is no secondary listing plan yet
I was informed that on the evening of June 2nd, there was an “exclusive news” that Pinduoduo would determine to return to Hong Kong for a secondary listing, and said that CICC was one of its sponsors. A spokesperson for Pinduoduo said: We have never discussed this plan with any intermediary agency, nor have we had any contact with any transaction on the topic of “second listing”. The company’s cash flow is healthy, and the fund reserve and income growth rate so far are enough to allow the “tens of billions of subsidies” to last for many years, so there is no plan for secondary listing.
Ali hacked overseas businesses such as UC News, the original team was all merged into Alibaba Health
Ali’s overseas news aggregation product UC News announced internally last week that it would cease operations, and the original team was fully integrated into Alibaba Health. At the same time, Aliate’s overseas short video product VMate will reduce staff and tighten capital investment. VMate’s public relations responded that recently in Ali’s new fiscal year, each business is making new plans. “The premise of firm overseas deployment is unchanged, and the plan is still being worked out.” (LatePost)
India plans to provide $6.6 billion in incentives to smartphone manufacturers
India provided economic stimulus of about 500 billion rupees (about 6.6 billion US dollars) to attract global companies to invest in the manufacture of mobile phones and related components. This move may make India a global mobile phone manufacturing center and India’s largest export product, while creating 500,000 jobs. (Bloomberg)
Giant Network: Cumulative repurchase companies as of the end of May